Over the last month, since the last Bank of England meeting, it has been suggested by a number of business surveys that the UK economy is slowly coming out of recession, and these findings have prompted the Bank of England’s Monetary Policy Committee keeping their policy unchanged.
Under the policy, the Bank of England intends to buy a further £50 billion of government bonds by November, which will take the total purchases for the current round of quantitative easing to £375 billion.
Despite the Bank of England announcing that there will be no change to either the quantitative easing programme or interest rates, it is widely believed that once the current round of quantitative easing ends in November, the Bank of England will begin a further round, in a bid to continue to ease the UK’s economy out of recession.
For more information, please contact Glazers, Chartered Accountants London or visit www.glazers.co.uk
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